Tyler Technologies, Inc. (NYSE:TYL) Director Dustin R. Womble sold 2,303 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $252.05, for a total transaction of $580,471.15. Following the completion of the sale, the director now directly owns 180,425 shares of the company’s stock, valued at $45,476,121.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NYSE TYL traded down $3.75 during trading hours on Wednesday, hitting $251.11. 122,229 shares of the stock were exchanged, compared to its average volume of 240,092. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. The business’s 50 day moving average is $231.19. The stock has a market cap of $9.81 billion, a price-to-earnings ratio of 67.14 and a beta of 0.92. Tyler Technologies, Inc. has a one year low of $173.26 and a one year high of $257.51.
Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.05. The business had revenue of $275.10 million during the quarter, compared to the consensus estimate of $274.88 million. Tyler Technologies had a net margin of 12.96% and a return on equity of 11.44%. Tyler Technologies’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.18 EPS. On average, analysts anticipate that Tyler Technologies, Inc. will post 4.16 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC grew its holdings in shares of Tyler Technologies by 208.6% in the 2nd quarter. AQR Capital Management LLC now owns 4,200 shares of the technology company’s stock worth $907,000 after purchasing an additional 2,839 shares during the last quarter. Paloma Partners Management Co grew its holdings in shares of Tyler Technologies by 9.1% in the 2nd quarter. Paloma Partners Management Co now owns 4,667 shares of the technology company’s stock worth $1,008,000 after purchasing an additional 390 shares during the last quarter. Man Group plc grew its holdings in shares of Tyler Technologies by 26.1% in the 2nd quarter. Man Group plc now owns 14,071 shares of the technology company’s stock worth $3,039,000 after purchasing an additional 2,908 shares during the last quarter. RGM Capital LLC grew its holdings in shares of Tyler Technologies by 11.8% in the 2nd quarter. RGM Capital LLC now owns 477,384 shares of the technology company’s stock worth $103,124,000 after purchasing an additional 50,475 shares during the last quarter. Finally, Two Creeks Capital Management LP grew its holdings in shares of Tyler Technologies by 11.1% in the 2nd quarter. Two Creeks Capital Management LP now owns 552,234 shares of the technology company’s stock worth $119,294,000 after purchasing an additional 55,197 shares during the last quarter. 88.35% of the stock is owned by institutional investors and hedge funds.
Several analysts have commented on TYL shares. Needham & Company LLC boosted their target price on shares of Tyler Technologies to $280.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. ValuEngine raised shares of Tyler Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Zacks Investment Research raised shares of Tyler Technologies from a “sell” rating to a “hold” rating in a report on Friday, July 5th. KeyCorp reaffirmed a “hold” rating on shares of Tyler Technologies in a report on Thursday, August 1st. Finally, Benchmark upped their price objective on shares of Tyler Technologies from $235.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $249.50.
About Tyler Technologies
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. The company operates in two segments, Enterprise Software, and Appraisal and Tax. It offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; and student information and transportation solutions for K-12 schools.
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